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institute for a discussion on the scheduled tax increases the percent to hit in january, including the end of the bush era taxes, payroll tax holiday hikes and invested in come also. a new tax policies and to report says nothing is done. average marginal tax rates would go up by five percentage points on labor income, seven points on capital gains and more than 20 points on dividends. along with more than a trillion dollars in budget cuts. also starting january or known as the fiscal cliff. it should get under way in just a moment. [inaudible conversations] >> good afternoon, and welcome to the urban institute's first tuesday. my name is howard gleckman of the tax center blocks and we are here to discuss taxes in the fiscal cliff. as you all know, washington lives everything that happens here is the biggest or the worst were the most important. how many times for instance have you been told some politician is about to give the speech of his life until he gives the next speech. the tax armageddon has the potential to actually be a watershed in the fiscal policy. true it could be another opp
, for that matter, those two. to finance a big across the board tax cut but not tell us how. not what big across the board deductions he'll deny people in order to pay for it or even what taxes he's been paying himself over the years. or how he'll finance all those popular things in the president's health care plan once he kills the plan itself. lots of secrets. secrets because he himself has no earthly idea what the answers are. i'm joined by democratic strategist bob shrum and salon's joan walsh. first, however, we have two new national polls on the presidential race. let's check the "hardball" scoreboard. according to a new "washington post"/abc news poll, president obama has a two-point lead holding there, 49%/47%. same score in the new politico poll. obama by two, 49%/47%. "the new york times" this weekend reported on the two campaigns' ongoing debate preps. here is what they said about romney's prep. quote, mr. romney's team has concluded that the debates are about creating moments and has equipped him with a series of zingers he's memorized and has been practicing on aides since august. b
they don't have enough time to explain how they will change your tax deductions, like your home mortgage tax deduction, in the romney/ryan tax plan. not enough time. they can't even say if you will pay more or less with their tax plan. well, mitt, i'm sure president obama will give you as many of his minutes as you need to explain it all in wednesday night's debate. >> mitt romney needs a great october. >> we know romney needs a great october. >> to change the course of this campaign. >> the final push is on. >> just days away from the first presidential debate. >> both candidates cramming for the first debate. >> everyone trying to lower expectations. >> franticly spinning to lower expectations. >> president obama is an experienced debatetor. >> i'm just okay. >> almost everyone seems to be muting enthusiasm in trying to undersell thvernlths is mitt's first time. >> i don't buy that. >> chris christie is taking a different tack. >> we have a candidate who is going to do extraordinary well on wednesday night. come thursday morning when we get to thursday morning, the entire narrative of
taxes to the middle class has been buried the last four years. >> dramatic admission today about the president's first term from vice president biden. which gave republicans some predebate ammunition. though he charged bush policies are to blame. >> by the time we were elected they had eight years doubled the national debt. debt clock. doubled it. in addition to that, they had the slowest job private job growth since world war ii under this policy. >> another key debate topic, healthcare. romney is defensive about his massachusetts plan. today, the obama camp charged the promise to repeal the president's law will knock millions off the insurance. republicans are circulating a secretly recorded video of a recent meeting among local government officials here in henderson where the president is doing debate prep. officials discuss how implementing the president's law will cost city employees an extra $40 a month. >> a challenge beyond belief. >> in exclusive interview with fox in nevada, senator marco rubio says the video shows the issue will blow up on the president. >> that's the
to not pay federal taxes part of the 47%. oh irony thy bitter pill. mitt romney is leading among the 47% he derided in ohio. really, what can he do? what can governor romney do at this point in the campaign to turn it around? can he be funny? should he get an earring? get his hair done? what could he possibly do to try to change his fortune? i want to know what the bill press listeners think. we're at 1-866-55-press. is there any way mitt romney can win this or is he really in the lead and as dick morris and sean hannity have said, all of the polls are lying and all of the polls are fraud because it is such a liberal media. so we want to know what you think. give us a buzz at 1-866-55-press. and let's have a listen, if we can to a very fascinating piece of audio. mitt romney's garbage man who i presume, isn't part of the 47% but he's a hard working american citizen. i would imagine he's union. i would hope he is. and they tracked down one of mitt romney's sanitation workers. let's give a listen to this audio.
directly affects our taxes, schools, roads, the quality of our air and water -- even our right to vote. politicians and lobbyists at the core of this clever enterprise figured out how to pull it off in an organized, camouflaged way, covering their tracks while they put one over on an unsuspecting public. this is the story of how and why it worked. our report was many months in the making. it's a collaboration between tom casciato and kathleen hughes, the filmmakers at okapi productions and the schumann media center that i head. schumann supports independent journalism and public watchdog groups like the nteror media a democracy, whose investigators have been tracking the footprints of alec, an organization hiding in plain sight, yet one of the most influential and powerful in american politics. ♪ ♪ ♪ >> i've often told people that i talk to out on the campaign trail when they say "state what?" when i say i'm running for the state legislature. i tell them that the decisions that are made here in the legislature are often more important for your everyday life than the decisions the
entitlement that they didn't pay for. and then they added a $1 trillion tax cut for the very wealthy on top of that. now, they -- those are the facts. the end result of all that was by the time we were elected they had in eight years doubled the national debt, that clock, doubled it and in addition to that they had the slowest job, private job growth since world war ii under this policy. and by the time the president sat down behind that famous desk the resolute in noble office within a week of sitting down our economists told us mr. president you're going to have to deal with a $1 trillion debt this year because there's nothing you can do about it. the budget was passed back october. and so ladies and gentlemen so much for their credibility on the debt, but what did it produce for us? it produced the great recession all these things they did in doubling national debt and these massive tax cuts that absolutely eviscerated the middle class. they say we urgently want to deal with it now. basically i think my opponent says something like, you know, i don't know, he said something about he was
a tax break. we will think that at least some of these guys who give money are just too forward their beliefs. maybe that is starry eyed. at least in some cases, this is really not about consideration. that is not to say that their beliefs to outline of what material considerations. it is a little harder to tell this story of corruption. you can still tell the story of influence. the point of giving money to a candidate somewhere along the line is to change the way policy is made in this country. that will never go away. what do we do with the guys saying i like certain policies and i want to see more of that. >> there was an interview recently where it was said that there's a possibility of federal investigations. he was convinced it obama wins, they will pursue these. >> why not use the real one? >> the real one has already been flogged to death. >> having spent time -- sometimes the press gets it wrong in assuming that every -- anybody who gives money is a bad person. that is the assumption of the narrative. big bad money people who are out to buy the election. the reality is
to former house speaker nancy pelosi. >> who will raise taxes on the middle class? barack obama and the liberals already have. >> reporter: fresh ammunition for tomorrow night's debate at an event earlier today in charlotte, north carolina, wolf, biden said how can the romney campaign justify raising taxes on the middle class that has been buried -- in his words, buried, the last four years. paul ryan at a campaign event in iowa just a few moments ago seized on those comments and said vice president biden said that the middle class has been buried. we agree. he goes onto say that means we need to stop digging by electing mitt romney the next president of the united states, wolf. i have a strong sense this will be brought up at tomorrow night's debate, wolf. >> we'll have a lot more on what joe biden has just said and the very tough reaction coming in from the romney campaign. gloria borger is standing by on that front. both of these campaigns are bringing major surrogates to denver to appear in the so-called spin room after the debate tomorrow night. what are you learning about
. they include reducing the deficit about4 trillion over ten years, an overhaul of the tax code, and changes to medicare and social security. now, if congress can't avoid that cliff, it also means an end to several tax cuts and a huge boost in the action at thats you will pay. the nonpartisan tax policy center estimates the average household will pay $3,500 more in taxes. the two policies which impact the average american the most are payroll taxes and the bush era tax cuts. democrats have already said they will not accept a deal unless tax cuts to americans making more than $250,000 a year are allowed to expire. >>> 5:06. 64 degrees. the phone wars between apple and samsung takes another nasty turn. >>> also ahead, crossing the line. the incident that has one police officer in hot water this morning. "and what's your name?" "oh, it's flo." "and what do you do?" "oh, i sell insurance like no one else." "oh, that's nice." "thank you." now, that's progressive. call or click today. >>> welcome back apparently, looking at photos and videos of cute, fuzzy baby animals can help improve your produc
these tax breaks that they get, we are playing for these tax breaks. we need roads, police, et cetera, and as long as we allow them to pay 13% when they should be paying much more, they are taking health care away from children, that need -- the family can't take them to the doctor. they can't pay for utilities, et cetera, and so forth, and they need to understand, you know, once they get all of our money, they are going to destroy us. so they really need to change their attitude about what is going on here. >> stephanie: yep, i hear you honey. [♪ "world news tonight" theme ♪] >> stephanie: sometimes i'm distracted by headlines while i'm talking. michele bachmann, we must ban filafel in school lunches. >> scarborough: oh, sweet jesus! >> stephanie: she claims that that and other foods of that origin should be removed from school lunches. >> stephanie: she may be beaten this time. wow, you would finally be rid of that [ censor bleep ] and her big gay husband. >> i have just been told by kobe at current that the filafel story was a parody. >> stephanie: oh, okay.
over ten years. an overhaul of the tax code and changes to medicare and social security. several tax cuts could also end if the cliff is not avoided, meaning about $3,500 more in taxes for the average household. >>> american university is warning students to be on alert after a string of incidents where a man has groped students near campus. there have been four reported incidents in the last week. the most recent one happened sunday night on massachusetts avenue. police say the suspect comes up from behind, grabs girls inappropriately, and then runs away. >> i normally feel really safe around here. i'm not in the city or anything. that's a little bit terrifying. >> something's got to be done. i mean, it's definitely uncalled for and not okay. >> au sent an e-mail to students to alert them about the attacks. the university is asking the students to walk in groups and only in well-lit areas. >> 6:06 right now. today marks the tenth anniversary of the sniper killing spree. the first attack happened in a parking lot in wheaton, maryland. in all, ten people were killed, three others were
and on the state exchanges, that the congress forced the state to raise taxes and tell them how to pend it the supreme court weighed in on that. the statute is 2700 pages long and there are many other challenges in the court system to other parts of the statu. there are 45 plaintiffs all religious organizations many of them catholic and arch dose dose of new york challenged the so-called employer man date. the employer man date requires employers to buy health insurance that makes services available that violate the employer's values like birth control and abortion and euthaniasia. this would apply to universities and students. can yesterday the supreme court recognized one of the employer mandate challenges made its way to the federal appellate court and the appeals court said we don't want to hear supreme court said we are about to tell the appeals court to hear this. so it can make its way to us. the supreme court will rule on this next year rather than three or four years from now. >> gretchen: what is the messaging from the supreme court that they would tell a court below to rule o
, being a tax cheat, swiss bank accounts, all that kind of stuff, can be rebutted. >> sean: what obama will say -- thus this will be mostly on the economy. obama will say, it's getting better. that was the recovery summer of 2010. >> but romney -- there were a whole lot of people right now who want to vote for romney. want to vote against obama. but they don't want to vote for romney because of all the negatives obama's piled on them which has not been answered. they're sitting on one side waiting for permission to jump over and vote for romney. in the debate, that he's not a monster, that he's a man of integrity and defending himself on this stuff, can absolutely encourage them to jump over and make it possible for them to do that. >> sean: what a joke all weekend, watching the obama people trying to lower expectations. >> yeah, right. >> sean: 2-1. >> let's par remember that most debates work in favor of the challenger. the challenger walks on and does a good job, like reagan did against carter, all the fears of him go away. carter against gerald ford in 1976. mondale against reagan
and poll taxes that kept blacks from voting for years in the south. >> i've seen this before. i lived this before. too many people struggled, suffered, and died to make this possible for every american to exercise their right to vote. ( applause ) >> suarez: nationwide pennsylvania is now one of 33 states with voter identification laws. it's one of five states with strict photo i.d. laws. the statutes have spawnd at least 15 legal challenges over everything from voter i.d. to early voting to culling voter rolls. in florida, the state republican party has filed a fraud complaint against the company it hired to register voters. as of friday at least 10 counties have spotted possibly fraudulent forms turned in by the firm. back in pennsylvania another eye peel to the state supreme court remains possible. in the meantime, the new rules have already been modified, prompting new coalitions to form with the aim of helping voters navigate the confusion. for more on how voter i.d. for more on how voter i.d. battles will play out in pennsylvania and elsewhere, we turn to daryl metcalfe, the rep
of us. let's say the fiscal cliff happens. a major tax hike is on the way if congress doesn't act and soon. the tax policy center estimates most households could see an nch tax increase of -- an average tax increase of $3500. that's because a record number of tax increases are due mostly to the expiration of temporary provisions that were put in place since 2001. they're said to take effect in january. all tolled, the center estimates the taxes would rise by more than $500 billion in 2013. the good news? if you think congress will let all the scheduled tax increases take effect but at the moment it's not clear what kind of fiscal clear deal lawmakers want to negotiate. and anything they do resolve won't happen till after the election. >>> it's a boy for yahoo's c.e.o. mar ris ya may -- marissa mayer. she was one of the original employees of google. she planned to go back to work a few weeks after giving birth and her comments set off a lengthy debate about how corporate family policies makes it hard to juggle a successful career and family. >>> questions are being raised about ike
the best breaks on taxes and other things. the second number that just broke out recently is 47%. it's that part of america that mitt romney has dismissed as freeloaders, moochers, takers in his words. i'm joined by howard fineman with "the huffington post." also we have romney's -- let's take a look at this howard, romney's 47% comments had a lasting impact on his standing. "the washington post" reported just today, quote, in the two weeks since the surreptitious video of the remarks surfaced, they have pierced the national consciousness in a way few blunders do. in the closing stretch of the presidential campaign, the moment has become a defining element of romney's candidacy. new poll by pew shows how deep these comments penetrated. 67% say they knew romney made those comments. that's of the whole country. of those people, 55% said they had a negative reaction toward hearing them. the only thing in politic that is is worse than voters deciding they don't like you is when voters decide you don't like them. howard, what a great turn of phrase by alex castellanos when voters sense yo
. >> i would like to see some details both from romney and obama mainly on tax policy. >> reporter: vice president biden charged today, team romney would hike middle class taxes. >> how they can justify raising taxes of the middle class that has been buried the last four years. >> reporter: the republicans jumped on that. buried by obama? in colorado, mitt romney took a break for a burrito bowl. >> how are you doing today? >> reporter: romney's number two, paul ryan, kept campaigning. >> the obama economic agenda failed not because it was stopped. it failed because it was passed. >> reporter: that's the kind of zinger sure to be heard tomorrow night. doug, andrew and chris say they hope to hear a lot of substance, too. a debate number one in their battleground state. >> reporter: so how critical will this first presidential debate be? today's nbc news "wall street journal" poll finds 38%, more than a third of voters say this debate and the ones to follow will be quite important or extremely important to their decision about who to vote for. live from denver, i'm steve handelsman, news 4.
we need time to fix it, and by the way, the president will also say that he wants to increase taxes on people like mitt romney to help pay down some of that debt. >> reporter: we just put of that graphic there showing the $16 trillion of debt and there are so many digits it almost doesn't fit on the tv screen across the screen there, as you can see. but haven't americans in some way become number to astronomical numbers? how serious is this in. >> they have become number. is it the new normal this massive spilling of red ink but it raises three problems which i don't think the nation has got even to grips with yet. number one our economy is smaller than our debt. we look like europe, we know what happened there. number two we are spending $9 billion every week just paying interest on this debt, about a quarter of it goes overseas. and number 3, we are paying for this debt by printing money. so here is the question, allison, what happens when we stop printing as we inevitably will at some point, what happens when people stop lending us the money because we've borrowed so much. what h
-called fiscal cliff biened of the year. the tax policy center says taxes for almost 90%, 90% will go up by average of $3,500 with increases half a trillion dollars. automatic tax increases and deep spending cuts would kick in if the country goes over the fiscal cliff. >>> that is significant. look at some numbers. just, throw out numbers look that. doesn't really, doesn't really relate. can't put your mind around it. a married couple with two kids income of $100,000 would pay more, $6,000 more. and then, if some of the child deductions, obama's payroll tax cut, isn't renewed, you won the get tax breaks for each child as well. >> stiffest increases in the history. a big deal. we got to this point because of the super committee, bipartisan committee, did not get the job done. did not come up with a deal. this is what will trigger the fiscal cliff by the end of this year. so, no matter what happens november 6th. they got to get this done before 2013 gets here. >> you got to think they're going to. >> another showdown. the tenth time. >> we need one. >> moving on this morning. another major
, in fact, still doesn't add much clarity to the tax plan. watch this. >> obviously the numbers add up. we've shown that. let's work together to establish that framework. and it's not as much as what's in the tax code as who gets it. >> i mean, what does that mean? >> listen, i think that's -- it's -- you brought that question exactly as -- and his answer has been part of the problem with the entire campaign. i think they're still trying to come up with this idea of how exactly do we distinguish, how exactly do we come up with some different type of policy that makes you better off. and i think they have not been able to come up with a answer that seems at all cogent to the larger american population. >> now, tad, you actually helped to plan debates against him when he debated the former senator ted kennedy. so you went up against mitt romney and prepared the ads against mitt romney. what kind of guy, how do we deal with this guy? what do you predict we're looking at tomorrow night? >> listen, i have to say mitt romney has come a long way from those debates in 1994. he's a much better deba
of evasiveness. i feel they have been dodging questions, not revealing their taxes, and not giving any alternatives to what obama has already proposed. from the obama side, i would like to hear the reasons why some of their positions and not been passing through the congress. host: this from don -- you can give us a call and tell us what you are looking for as the debate season commences. the baltimore sun has this piece -- dan barry, connecticut, keith on our republican line. caller: i will not be watching the debate tomorrow night. i have seen enough of the show that they put on and it's not real. the questions are staged and the moderators are chosen by the candidates. the questions are preselected. only certain people [no audio] they will disagree on a couple things to make some highlights in tomorrow's news. other than that, you have two of the same guys on either side of the stage in a choreographed event. there's lots of other strings that are choreographed on tv that would be a lot more entertaining than this staged event for a candidate that the gop forced down everybody's thr
and minimize taxes. they got him ted dead to rights again. i don't know if any american cares. do you remember how the kennedys made their money? >> i think there was some boot legging. >> might have been a little boot legging. john kerry married and then left his yacht in providence or something, didn't he. and then john edwards flipping his magnetic business card at all the ambulances going by made $80 million. it's weird, isn't it? >> he was a good lawyer. >> and a hell of a human being, too, johnny. we have ten seconds. >> i don't think additional incremental disclosures about offshore investments will make a big deal. >> all right, my friend, thank you. >>> when we come back, we'll get to kevin ferry from the cme, we'll find out what's most likely to drive action on the second day of the quarter. smart comes with 8 airbags, 3 a crash management system and the world's only tridion safety cell which can withstand over three and a half tons. small in size. big on safety. monarch of marketing analysis. with the ability to improve roi through seo all by cob. and you...rent from national. becau
over the so-called fiscal cliff in january, it will cost almost 90% of americans more in taxes for a total of $536 billion. taxes for a typical middle income family making 40 to $64,000 a year could go up by $2,000. >>> in california, governor jerry brown signed a bill that would allow half a million young illegal immigrants who qualify for the federal work permit program to obtain driver's licenses. >>> near hong kong at least 36 people were killed when a boat filled with holiday party goers collidewide a ferry and sank. it is the deadliest accident there in years. >>> a house in clam mouth falls, oregon, that was sold this summer turned out to be a meth lab. it had toxic chemicals 80 times. the family who bought the foreclosed house from the government got sick and now has few options. >>> the white house is lit up in pink to mark october as breast cancer awareness month. new york's empire state building is also bathed in pink. and even buckingham palace in london has gone pink to support the breast cancer awareness campaign >>> and now here's an early look at how wall street
pay taxes, they see me working hard and doing things i should be doing as a citizen. >> what this comes down to really is do you think voting say right or a privilege? if voting is a right, people who have paid their debt to society should be allowed to vote. demographics are changing, more of this rhetoric that voting is not a right but a privilege. it should really be outrageous to all of us. the very foundation of our country is that voting is a right. vermont and maine probably have the two smallest black populations in the country. unfortunately race has been a big part of this in the state of virginia, where she's from, when the law was put in place, when it was embed into the state constitution back in 1902, the person who was doing that was actually talking from the floor of that convention and i quote, because of this plan, darky will be zeroed out as a factor in our state's politics in five years. it was a very sordid racial had history. >> you're saying this is of a race issue than anything else? is that what you're saying? or is it -- >> i'm saying at its very ori
the world there is a struggle for fairness. the united nations once again proposing a global tax on billionaires. 1% of their wealth would be given to the u.n. to disperse throughout the third world. it's not going to happen but that's what many want to see. wealthy people being forced f. to give up assets to the controlling power. the problem with that is the that controlling power is often corrupt, inept or apathetic. does anyone believe the u.n. spends money responsibly? anyone? buehrle? how about the u.s.a.? the more money washington gets the more it wastes. why? because we don't have enough federal workers to police the entitlements hundreds of billions of dollars are wasted or stolen. we all remember this guy in the bathtub, jeff neeley partying in vegas his crew ran up $825,000 in expenses for nothing. they just wanted to live large on the taxpayer dime. how about the drug enforcement agency? few years ago it sent 368 people to istanbul for a conference. price tag $1.2 million. more than a thousand dollars aday for each american at the event. i could sit here all night and
paul ryan refused to say how much their tax cut would cost alleging it would take too long to get into all the math. congressman ryan defended that dodge yesterday. >> i didn't want to get into all the math of this because everybody would start changing the channel. >> and an hour ago, after offering no new specifics on his ticket's tax plan ryan said this -- >> problem is it took me about five minutes to go into all of this with you and you're in a 30-second tv show you can't do it as much. >> on behalf of the television industry, we salute you paul ryan for being so consider ate of the viewers at home. americans still have close to no idea as to what the romney/ryan plan is actually all about. will an 11-minute period of open discussion tomorrow night prove sufficient for governor romney to, quote, get into all the math? perhaps. but with so many of his own policies and open conflict with one another it seems like the most pressing equation for team romney to solve is whether mitt plus mitt equals one or two. the paradox of the mittens, katrina. >> i mean the romney/ryan campaig
tax cut, isn't renewed, you won the get tax breaks for each child as well. >> stiffest increases in the history. a big deal. we got to this point because of the super committee, bipartisan committee, did not get the job done. did not come up with a deal. this is what will trigger the fiscal cliff by the end of this year. so, no matter what happens november 6th. they got to get this done before 2013 gets here. >> you got to think they're going to. >> another showdown. the tenth time. >> we need one. >> moving on this morning. another major credit card company is going to pay up to seattle, to settle claims of illegal practices. american express will refund $85 million to 250,000 customers out there. and amex accused of violating federal laws in marketing and billing. the company will pay million in fines. similar claims, were settled with capital one and discover. >>> well a decorated philadelphia police officer is facing brutality charges after punching a woman attending a parade. the confrontation was captured on video sunday. it is going to happen on the left side of the screen
Search Results 0 to 49 of about 69 (some duplicates have been removed)